$13.$

Using the financial statements in Item $8$ and the ratio formulas from CH$12$ of your textbook, calculate the following ratios for $2023$ and show the same number of decimals as prior years: $(8$ points$)$

$($NOTE: There are numerous financial leverage indicators, including the debit to equity ratio included in CH$12$ in your textbook, but the formula you should use for purposes of this assignment is average assets divided by average equity since you can use it to connect return on assets to return on equity.$)$

$2023202220212020$

Net sales growth rate $7\mathrm{.}79\%33\mathrm{.}26\%5\mathrm{.}51\%$

Gross profit margin $43\mathrm{.}31\%41\mathrm{.}78\%38\mathrm{.}23\%$

Operating profit margin $30\mathrm{.}29\%29\mathrm{.}78\%24\mathrm{.}15\%$

Net profit margin $25\mathrm{.}31\%25\mathrm{.}88\%20\mathrm{.}91\%$

Asset turnover $1\mathrm{.}121\mathrm{.}080\mathrm{.}83$

Return on assets $28\mathrm{.}36\%28\mathrm{.}06\%17\mathrm{.}33\%$

Financial leverage $6\mathrm{.}195\mathrm{.}254\mathrm{.}25$

Return on equity $175\mathrm{.}46\%147\mathrm{.}44\%73\mathrm{.}69\%$